An Insight of the EdTech Industry.
The current and predicted stats for the Indian EdTech industry are superb, assuring a promising and bright future. The growth spurt in this industry is primarily driven by K-12 Segment, higher education, and upskilling categories. It is estimated to have received $16.1B in VC funding, a 32X increase from 500M received in 2010.
Coupled with the growing popularity of Massive Open Online Courses (MOOCs) and distance education, India’s EdTech industry will reach $30 billion in the next ten years.
Government Digital Initiatives Are Accelerating The e-learning adoption.
One of the significant factors providing impetus to EdTech companies has been the encouraging initiatives from the Indian Government to make education accessible to anyone, anywhere.
The encouragement and provisions made by the Govt. through initiatives like the SWAYAM (study webs of active learning for young aspiring minds), Diksha, e-pathshala, etc., to encourage educational institutes even in rural towns to switch to online methods of teaching have helped ensure continuity in academic sessions.
The world of information awaits at the online platform for academic attainment that is available at the fingertips with the click of a button for young and seasoned minds.
The Education sector has been witnessing digital transformation, with its core value focused on providing students with vast learning choices through technology.
How Is Online Learning Transforming Education?
The aim is to leverage Information Technology to simplify educational processes to enhance the experience of learners, mentors, alumni, and facilitation of the institution’s management is what the prima facie of online learning is. Online learning is changing the education sector, but how?
The fundamental objective of every educational system is to ensure effective learning. Lately, roadblocks have been witnessed in the brick-and-mortar educational settings, and this brought a shift to online education, which has become a better approach to achieving academic goals for several reasons.
An online learning environment can provide you with the education you are looking for with the flexibility to work it into your daily routine. Let us see how educational institutions have embraced the power of the internet in their learning environment.
Online education has shown the accessibility of education has improved by defying geographic limitations and any impairment that hindered the ability to learn in the traditional way of learning. Thanks to technology, the accessibility, and access to schools and their lesson programs have improved as the distance from the educational institutions is no longer a bar for effective learning.
A learning disability such as an audio, visual, or reading disability can be best managed with online features like text-to-speech programs and programs that transcribe dictated content. It can help improve the ability of all students to access the information presented through their schools or any other surroundings of learning. This trending feature of online learning is the one that supports the idea of ‘EDUCATION FOR ALL‘.
Blending Of the Internet of Things into the school environment
You always thought only phones were ‘smart’; no, that is not the scenario. Everything from plugs and outlets to thermostats has gone ‘smart’ with tremendous technological advancements. The Internet of Things (IoT) has begun to help connect learning institutions and students in an entirely novel manner. For instance, IoT enabled lighting settings to make the classrooms bright or dim, warm or cool, enhancing students’ productivity.
Innovative IoT applications provide learning opportunities for students of all age groups. There is a lot to explore in ITs possibilities and solutions with online education
Cloud-based learning opportunities
Cloud offers multiple opportunities to both the teacher and the learner and, most importantly, gives the chance to connect from virtually anywhere. In cloud-based learning, the teachers can connect their students to various programs and applications, allowing them to present mastery standards.
The student also has numerous ways of responding, not just the traditional way. For example, the response to an assignment could be uploading a video recording, uploading a picture of an artwork made by them, or sharing a document that is a piece of collaborated hard work with peers.
Cloud-based learning performs a host of opportunities like streaming interactive lectures, helping students submit their assignments, track their syllabi, and even connect and engage with others in their class. Foremost it allows the students to harness the technology to voice and choose the learning methods they find compelling and need improvement.
Every teacher knows the value of using visual aids in learning. These visual aids have transformed a whole new level of virtual reality in the digital era, giving the students a chance to ‘experience’ the material they learn before moving into real-world applications. Having a hands-on learning experience makes the transition from student life to having a promising career in the future is how virtual reality transformed the educational sector in 2021.
Personalized learning approaches
A personalized and systematic approach to learning has always been an essential component of the digital education revolution. Students’ skills, intelligence, and total power cannot be categorized as they do not fit into the same metaphorical box. At this juncture, online education offers adaptable solutions for students based on their specific strengths and weaknesses.
Retaining and applying critical information in their field of interest is what personalized learning is what online education is about. The learners are empowered and encouraged to compete, qualify and become inspired to earn the degrees and prepare for the job opportunities that suit them well but might have been out of reach before.
The shift towards a digital, modern world has had a measurable impact on the inner workings of education. Educational institutions and educationists have affirmed their faith in technology as it offers them several benefits and new strategies for educating their students. The idea behind teaching is to be progressive and open new areas of learning and with 2021-it is all DIGITAL.
Education For Anyone From Anywhere
The world has been witnessing a paradigm shift from traditional teaching to online education since the pandemic outbreak at the end of 2019. The restrictions imposed by the Government to curb the nuances of the pandemic with the rigid safety protocols have paved the way for new-age pedagogies. The digital era has broadened learning horizons in more exploratory ways than ever before.
The new-age pedagogies have led to more acceptance and acknowledgment of digital learning mode, leading to the EdTech boom today.
The government, private and public schools, tutors, coaching institutes, students, and teachers are integral components of the EdTech industry.